India's inflation slowed to 26 month record low

Source: Bloomberg
India's consumer price index decelerated in January, marking 26 month record low. Country's inflation rate was 6.55% in January compared to 7.47% in previous month. Economists questioned by Bloomberg predicted the wholesale price index to reach 6.7%. Slowing inflation puts pressure on the Reserve Bank of India to cut nation's benchmark interest rates. 
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Tue, 14 Feb 2012 10:28:58 GMT

S&P 500 index rebounds on Greek vote

S&P 500 index erased gains during Monday trade on news Greek parliament finally approved austerity plan to secure bailout funding. US benchmark jumped 0.68% or 9.13 points and settled at 1,351.77. Apple gained 1.9% after company said the working conditions at the plants of its suppliers have been investigated. First Solar fell 5%, after Brigantine Advisors downgraded its stock from

Tue, 14 Feb 2012 09:24:07 GMT

US shares finish up on Greek deal

US stocks retreated on Monday, lifted by positive vote on Greek austerity measures. The Dow Jones industrial average index added 0.57% or 72.81 points and closed at 12,874.04, S&P 500 Index advanced 0.6% or 9.12 points and finished at 1,351.76. Nasdaq Composite index surged 0.95% or 27.51 points, settling at 2,931.39.

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